USDA Home Loan for Eligible Rural Home Buyers
July 30th, 2016
July 30th, 2016
Have you always wanted to live in a rural area, but you’re not sure if you’ll qualify for a home loan because of your income? The USDA Rural Development Single Family Housing Guaranteed Loan Program may be your answer.
The USDA Rural Development Single Family Housing Guaranteed Loan Program, also known as a “USDA loan” or a “Section 502 loan,” is a program that makes homeownership possible for low and moderate income families who want to live in rural communities.
Backed by the U.S. Department of Agriculture (USDA), this program enables eligible, first-time and repeat home buyers in qualified suburban and rural areas to get a 100%, no-money-down home loan at better-than-average mortgage rates.
With this program, you:
If you’re thinking of buying a home in rural area and want to finance it with a USDA loan, contact the mortgage specialists at Grandview Lending by calling 1-866-690-4920. Or, complete our online form. We can answer any questions you may have as well as check your eligibility for the program and the location eligibility of the area in which you wish to purchase a home.
Photo credit: 123RF / Iriana Shiyan
We provide our clients with exceptional service and integrity which has become our hallmark.